OK let me clarify.
Our financial problems are derived from the existance of printed fiat currency, and not money.
MONEY =/= PRINTED FIAT CURRENCY!
Our financial problems are derived from the existance of printed fiat currency, and not money.
MONEY =/= PRINTED FIAT CURRENCY!
If this is an answer for my post I don't understand what do you mean and at what you are referring. In my explanations is spoken about positive balance in the banks and about the debt. There are not in those explanations about financial problems.
Sorry if your post have nothing to do with my post.
And since are here can you explain better what is the difference between money and printed fiat currency and why our financial problems are derived from the existence of printed fiat currency and not money. Seems an interesting topic and I'm curious to learn more.
Because I wasnt replying to you there, i was just posting along the thread.
Well, the same way as your roll of toilet paper is not money, there isnt much difference between that and what you got in your wallet. Printed currency is not money because it doesn't fulfill the requirements of money:
Money and debt are 2 different things. There are monetary systems, (in the academic books), without debt.
In the current system, they are the same. When you have money, you are indebted towards the creators of it, the central banks.
Because you dont own that money, you just borrowed it.
It is not true. If I have money earned with my work that money are mine. Are not borrowed by no one (nor from the Central Bank, nor from my employer, nor by no one other) but my property. Fact is that that money can be spent in the way I do and I spend those in the way I do. I do this thing with my money and never no one have come to me to take those or to ask those. I have spent thousand and thousand of money since I had the first one and no one have told me why you have made this or give me that money. And never will come to ask for take those. Even if will come I will call the police and that man will go in jail.
Hahaha the brainwashing works.
You don't earn money when you go to work, you are given a scam paper certificate. The same way you are scammed to work for a paper crap, the same way the vendors, consumers, producers, investors are also fooled by that.
That currency comes into existence by being borrowed from the CB, and it's passed along the economy. You are also paying interest on it in forms of taxes, which are going directly in the pockets of the CB to pay the interest on this ponzi loan.